“Queues outside stores, restricted numbers inside, no ability to browse with friends, nor to try on (or possibly even touch) clothes before the purchasing decision will all severely detract from the shopping experience,” said David Beadle of Moody’s Investors Service. … [Read more...] about English shoppers face queues, limited browsing when stores reopen
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'In a strange way, this whole isolation period has helped me to recognise how much money I could have been saving, and it's put everything into perspective and taught me the difference between needing and wanting something,' she said. … [Read more...] about ‘I couldn’t control myself’: Retail manager, 23, reveals how she fell into the grips of a shopping addiction – and was spending her entire salary in DAYS
In the U.S., retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept shoppers away, threatened stores and weighed down a tanking economy. The Commerce Department reported that a long-standing migration toward online purchases accelerated, posting an 8.4% monthly gain. … [Read more...] about Worry, haste, retail therapy: What have we bought and why?
'It gives you the option to change your look more often than you would usually and definitely has more exposure in the Instagram world. I started getting into the Kmart trend in 2015, since then they keep improving their products as it's become so popular.' … [Read more...] about Meet the mums who made Kmart ‘cool’: How thousands of savvy and stylish shoppers transformed the once ‘daggy’ store into a powerhouse dominating the retail market
Her comments came as the Bank of England's chief economist Andy Haldane warned there would be a period of "prolonged caution" by people and businesses after the COVID-19 lockdown was lifted - and highlighted the risk of an extended "lopsided V" shaped recovery. … [Read more...] about Coronavirus: Shops reopening not ‘like a tap turned back on’, warns retail industry chief
Customer buying pattern will move a lot more online. I believe retail stores will remodel themselves towards this but a lot depends as to how long this virus lasts, said Sanjiv Bajaj, CMD, Bajaj Finserv in an interview with Nikunj Dalmia. With each crisis Bajaj Finance and Bajaj Finserv have only become stronger. Post 2008 crisis, the businesses were incubated and started becoming big. Then during the demonetisation, you were able to grow further. Then came the IL&FS crisis and your growth became the best in the industry. You have liquidity. Why are you sounding very conservative? You are referring to the earnings call. We are still in lockdown and lockdown creates uncertainty. Our people are not able to get to offices, customers till recently were not getting delivery of non-essential goods. At a time like this, we would rather make sure that we conserve capital. We invest in cutting costs and so we utilise our time to prepare for tomorrow. For example, in the last 10 days, … [Read more...] about This year is about revival, hope for much better growth next year: Sanjiv Bajaj
The use of face masks is mandatory in shops and supermarkets, as well as on public transport and services The Government has told customers they should wait for their turn if queuing outside stores while socially distanced Restaurants, cafes, bakeries and outdoor terraces are only allowed to open with a 50 per cent capacity and until 11pm Shop staff in Lisbon have been seen wearing full private protective equipment and standing behind protective shields People can be fined up to €350 if they are caught not wearing a face mask in shops A grocery store worker wears a mask as he shows dried cod fish to a costumer wearing an acrylic shield in Lisbon on May 4 … [Read more...] about The no frills new world of British retail: Shoppers face one-way walking system, tills behind screens, changing rooms closed and no seating when stores reopen – but will customers be too scared to return even with huge clearance sales?
Individuals are able to keep their distance from people outside of their households They've reduced the risk of transmission by limiting the number of people that individuals come into contact with Shift patterns are changed to reduce the number of people in the office at one time Workspaces are ventilated Venues that are naturally crowded and where it would be hard to practise social distancing will have to remain closed until it's safe enough to reopen them. … [Read more...] about Car dealerships and outdoor markets set to reopen from next month
KOLKATA | MUMBAI: Shortage of labour and social distancing norms have been hampering supply of products to the market to meet the pent up demand as makers of smartphones, tablets and laptops are unable to scale up production and distributors work way below capacity. Two senior industry executives said brands like Apple, Xiaomi, Oppo, Vivo and Realme are facing supply issues with operational plants running at 30-35% capacity and several warehouses are not able to operate normally. For imported products like Apple’s iPad and Mac computers, and laptops of other brands, the entire supply-chain is impacted –from clearance at customs, warehouses to the distribution system. The Oppo plant in Greater Noida, which manufactures for Oppo, Realme and OnePlus, continues to remain shut after a few workers were found infected with Covid-19 a week back, industry executives said. In contrast, the fast moving consumer goods (FMCG) industry has managed to scale up capacities at 60-65% with … [Read more...] about Supplies of smartphones, tablets, laptops hit due to lower production & distribution workforce
Mumbai: Shares of Radhakishan Damani-backed Avenue Supermarts slumped nearly 5 per cent on Tuesday, after the company warned that challenges are likely to continue in this financial year, as the economy gradually opens up after the lockdown. The company reported a 42 per cent rise in March quarter net profit over the weekend. In its earnings announcement on Saturday, the company that owns and operates supermarket chain D-Mart, said it expects significantly large Ebitda declines due to lower sales, lower gross margins, higher cost of operations on account of hardship allowance to frontline staff during lockdown and higher personal hygiene/store sanitation costs. D-Mart shares have strongly outperformed the broader market this year, and are up 24.58 per cent year to date, while Sensex is down 24.9 per cent. Over the last one year, the shares have jumped 71.3 per cent, even as Sensex declined 21.44 per cent . For now, brokerages were downbeat on the company’s near-term prospects. … [Read more...] about Radhakishan Damani- backed Dmart shares drop 5% on Covid-19 warnings